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Hi guys
I know everyone is looking for that 'holy grail' indicator. But have you ever stopped to think what would you do if you found it ?
Think about it, if you found a setup which was consistently accurate and won a lot more than it lost would you have the courage to follow it without letting your emotions getting in the way ?
Would you share it ? Or would doing so change how effective it is in the markets ?
Would you still be looking for new systems ?
I know lots of people will think the answers are easy - use it and make money but could you leave out your emotion ? Would you trust the system would always work ?
Would be great to hear from you all....think before replying and try to be honest you will learn a lot about yourself
Depends on your definition of 'consistently profitable', also depends on the type of trading. For instance, I reckon QQE 'signals' are about 75% accurate 'generally', so you could argue that qualifies as 'consistent'. These signals aren't worth squat without MM though - and how many indicators out there employ MM - close to none...
omelette - very good point well made... money management is very important and under rated also a high win rate isn't necessarily everything - winners need to be bigger than losers
a setup which was consistently accurate and won a lot more than it lost
I hate to say it, Leeb... but there are a handful of set ups like these readily available to the public. As a matter of fact, most if not all of them can be found in this forum. Yet, the 95/5 rule still applies. The holy grail is not a strategy, money management rules, a set up, an indicator, or any of those things.
It seems rather illusive because when we think of the "holy grail", we think in terms of a noun. It's something tangible. Like the things I mentioned above. The real identity of the holy grail is....drum roll please....... self mastery. That's right little buddies. Now stop downloading all those attachments, and tend to the real issue.
MM
P.S. - I've found little bits and pieces of it here and there. What will I do when I find the complete set...bask in all of it's f'n glory.
holy grail is yourself , since forex trading has started there's no holy grail was found ,
think about it
This is so true. It has been said before that you can have a system that gives you 90% + wins. Give this system to 20 other people with the same rules that you are using and not all of them, if any, will get the same results as you do.
Holy grail is in ebay. This is the no.786 holy grail I've found since I started trading few years ago. They're making me tons of money. I dont know why everytime I spend 50 bucks to buy a new system, it will generate thousands of dollars in profit for me everyday. Can you imagine I've purchased 786 unit of holy grail, by trading them at my account 24/5, the account size already grown up to 60billion. Recently B*ll G*tes just made an appointment with me via my hot secretary, said he wanted to learn from me how I've made those 60billion in few years time. I bring him to my money store to checkout my cash, he is so impressed that my money printed with JFK avatar on it, phase value 1million / piece.
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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
Oh by the way. I do have some small change of 10k notes, which I think its pretty darn waste of my storage space. I authorized my amigo to sell them. If I remember correctly, they wanted to sell them for $0.99 / stack, 100gm/stack. No actual count of pieces, if you get lucky, you may get another 100k extra. And I heard the amigo is going to sell it at ebay for a discounted price of $0.49 / stack. Dont miss the great deal.
__________________
"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
....... self mastery. That's right little buddies. Now stop downloading all those attachments, and tend to the real issue.
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